Consistently doing better than Dow, Naz, and Essenpee

I'm not even having the best summer possible, but you'll see that I'm a nose ahead of even the strong Nasdaq. And that's with the indexes getting a half-month head start on me, since I moved from one account to another, with this chart picking me up where I jumped in with my competitors.

Why the large dips?  I sometimes set up spreads of different varieties that leave me temporarily in the lurch.  By design, they smooth out (unless they don't, but so far so good.)

Didn't change anything when moving, though (complete account transfer), and here's the detail before the early June move.

Some squawk and rail all day long about trading, and some of us just sit here quietly and do it.

Follow me on Twitter: @grapeswhiz

Another one coming in hot

I admit, I can't resist creating my own money. I like writing the check to myself and letting other people sign it. Sign it over to me, please.

Last week, started a UVXY credit spread comprised of calls sold at the 32 strike and calls bought at the 33.50 strike. After all, what if my idea is a bad one and I'll end up being the one writing the check to someone else?  Gotta limit the damage; thus the 33.50 calls.

What will happen tomorrow?  I don't know, but my record is good.  See this post and this post for rundowns of last year's adventures in serial credit spread transactions.  This is only a supplemental strategy in my portfolio. I'm not even having the best month possible, but it could be worse, so I'm not complaining too much. (Moved to a new account in June, thus the lack of May data.)

Slow and steady and repeated proven strategies wins the race. Is there a chance of reversal of fortune and erosion of my gains due to the relatively risky trades I am making?  Sure - in fact, I go in with high odds stacked against me, assuming I were trading a random no-bias upward or downward instrument. Understanding the underlying security is responsible for my repeated, reliable (over longer if not shorter time periods) and continuing positive growth.

Follow me on Twitter: @grapeswhiz